Vanguard Core Tax-Exempt Bond EVCRM

VanguardBonds & CashMunicipal#320 of 786 by YTD

$74.12

+0.4% last session

+1.2% YTD

Data as of 11/4/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 4, 2026VCRMS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.4%	+4.0%	−0.3%	+1.2%	+1.6%	—	—	+5.5%
Peer average	+0.3%	+3.3%	−0.5%	+0.6%	+1.0%	+15.1%	+2.7%	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $2.2B
Expense ratio: 0.12%
Distribution yield: 3.8%
NAV: $73.87
Volume: 1.8M
Avg. volume 30D: 1.5M
High today: $74.24
Low today: $74.03
Previous close: $73.85
52-week high: $77.05
52-week low: $70.85
Our risk indicator: 2/5

VCRM in One Breath

VCRM Among Municipal ETFs

YTD

#1MMMANY Life Investments+2.6%$59.6M

#2OVMOverlay Shares+2.4%$46.0M

#3MYMGSPDR+2.2%$8.6M

#4TAXTFlexShares+2.1%$197M

#5SMMUPIMCO+2.1%$1.3B

#6FTMSFranklin Templeton+2.0%$265M

#7MYMFSPDR+1.9%$8.7M

#8IBMOiShares+1.9%$498M

#43VCRMVanguard+1.2%$2.2B

End-of-day Nov 5, 2026 · 141 Municipal ETFs by YTD

$10,000 in VCRM

$10,000 in VCRM became

$10,551

In the S&P 500 (VOO)

$13,231

Total return, dividends in · Nov 21, 2024 – Nov 4, 2026 · S&P 500 uses VOO

VCRM’s Top Holdings

Today

Vanguard MunicVanguard Municipal Low Duration Fund 12/31/20492.1%Michigan Sta1.2%Colorado Hea0.9%California S0.9%California S0.9%Alabama Toll0.6%New York Cit0.6%Black Belt E0.6%City of New 0.6%Salt River P0.5%Black Belt E0.5%Triborough B0.5%State of Was0.5%California S0.5%Massachusett0.5%State of Cal0.5%Deschutes Co0.5%New York Cit0.4%Southeast En0.4%Kentucky Pub0.4%Jefferson Sa0.4%Virginia Hou0.4%

Vanguard VCRM · 2,586 holdings · top 22 shown · tile size = share of the fund · as of Nov 4, 2026

What VCRM Holds

Today

All holdings100.0%

Vanguard M 2.1 · Michigan S 1.2 · Colorado H · California · California · Alabama To · New York C

Vanguard VCRM · share of the fund · as of Nov 4, 2026

Vanguard’s Share of VCRM

Today

2.1%

$21 of every $1,000 in VCRM is Vanguard

Vanguard held by VCRM

$46.1M

Vanguard VCRM · each square = $10 of $1,000 · as of Nov 4, 2026

VCRM’s Share of Municipal ETFs

Today

0.9%

of the $244B in 166 Municipal ETFs

VCRM$2.2B0.9%

MUB$54.7B22.4%

VTEB$49.6B20.3%

163 others$138B56.4%

Municipal ETF AUM · Nov 5, 2026

VCRM Fee per $100 vs Peers

Today

$0.12a year
per $100

$12 a year on $10,000

VTEB$0.03

MUB$0.05

SUB$0.07

VCRM$0.12

JMUB$0.18

CGMU$0.27

Expense ratio · Municipal peers · Nov 5, 2026

Inside VCRM

2,586 holdings · as of Nov 4, 2026

VCRM

Vanguard Core Tax-Exempt Bond E

Today

All holdings100.0%2,572 more holdings89.1% of the fund

All holdings100.0%2,580 more holdings93.3% of the fund

#	Ticker	Company	Weight ▼
1	—	Vanguard Municipal Low Duration Fund 12/31/2049	2.09%
2	—	Michigan State Hospital Finance Authority 5.00% 11/15/2032	1.18%
3	—	Colorado Health Facilities Authority 5.00% 11/15/2031	0.94%
4	—	California State Public Works Board 5.00% 09/01/2030	0.94%
5	—	California State Public Works Board 5.00% 09/01/2031	0.92%
6	—	Alabama Toll Road Bridge and Tunnel Authority 5.00% 10/01/2032	0.62%
7	—	New York City Municipal Water Finance Authority 5.00% 06/15/2040	0.62%
8	—	Black Belt Energy Gas District 5.00% 10/01/2035	0.57%
9	—	City of New York NY 5.00% 08/01/2032	0.56%
10	—	Salt River Project Agricultural Improvement & Power District 5.50% 01/01/2057	0.51%

Vanguard VCRM · current holdings by weight · as of Nov 4, 2026 · each tile is one holding · top 20 = 13.6%

How It Compares

VCRM

Vanguard Core Tax-Exempt Bond E’s Peers

Today


MUB	iSharesRead Desk	0.05%	+0.4%	+0.7%	$54.7B
VTEB	VanguardRead Desk	0.03%	+0.4%	+0.7%	$49.6B
SUB	iSharesRead Desk	0.07%	0.0%	+2.3%	$13.3B
JMUB	J.P. MorganRead Desk	0.18%	+0.4%	+0.8%	$9.0B
CGMU	Capital GroupRead Desk	0.27%	+0.3%	+1.4%	$7.5B
VCRM	VanguardThis fundRead Desk	0.12%	+0.4%	+1.6%	$2.2B

Municipal peers · Today’s and past-year returns · as of Nov 5, 2026 · sorted by AUM

Head to Head

Put VCRM head to head with MUB →

MUB vs VCRM

YTD

MUBiShares · MunicipalVCRMVanguard · Municipal

Year to date

+0.1%

+1.2%

VCRM wins+1.1 pts

Past year

+0.7%

+1.6%

VCRM wins+0.9 pts

Fee

0.05%

0.12%

MUB winslower fee

Yield

3.3%

3.8%

VCRM wins+0.5 pts

AUM

$54.7B

$2.2B

MUB24.8× more

3–1VCRM wins

iShares MUB and Vanguard VCRM · year-to-date · as of Nov 5, 2026 · AUM not scored

VCRM vs VOO

YTD

VCRM · Vanguard Core Tax-Exempt Bond E

+1.2%

VOO · S&P 500

+13.4%

Gap

12.2 pts

Vanguard VCRM and Vanguard VOO · Today total return · as of Nov 5, 2026

VCRM vs Its Peer Average

YTD

VCRMAvsBPeer average

1D+0.4%+0.3%

1M+4.0%+3.3%

3M−0.3%−0.5%

YTD+1.2%+0.6%

1Y+1.6%+1.0%

3Y[…]+15.1%

5Y[…]+2.7%

5–0VCRM wins

165 Municipal peers · each row scaled to its leader

The Details

VCRM

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y3.77%

Deepest drop · 1Y−6.3%

Lowest point · 5Y−2.7%

52-week range

$74.12

$70.85−3.8% from the high$77.05

Vanguard VCRM · past-year price moves · as of Nov 5, 2026

VCRM

Fund Facts

Today

2024launched Nov 19

Tracks[…]

Exchange · CUSIPCBOE · 922907712

StructureETF

Leverage1x

Cost on $10,000$12 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Vanguard VCRM · fund facts · as of Nov 5, 2026

VCRM

Payouts by Year

$0.21per share, Nov 2026

Distribution yield3.8%

PaidEvery month

Latest ex-date · paidNov 2 · Nov 4, 2026

12 payouts added up$2.80 a share

Vanguard VCRM · distributions by ex-date · 2024–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-07-31 ↗SEC reported portfolio · 2026-04-30 ↗SEC reported portfolio · 2026-01-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-10-31 ↗SEC reported portfolio · 2025-07-31 ↗SEC reported portfolio · 2025-04-30 ↗SEC reported portfolio · 2025-01-31 ↗summary prospectus · SEC 497K ↗

Trading & Liquidity

Net asset value$73.87

Premium / discount[…]

Median spread · 30D[…]

Volume today1.8M

Average volume · 30D1.5M

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.12%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$12.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Nov 2, 2026	Nov 4, 2026	$0.21
Oct 1, 2026	Oct 5, 2026	$0.21
Sep 1, 2026	Sep 3, 2026	$0.25
Aug 3, 2026	Aug 5, 2026	$0.24
Jul 1, 2026	Jul 6, 2026	$0.24
Jun 1, 2026	Jun 3, 2026	$0.22
May 1, 2026	May 5, 2026	$0.24
Apr 1, 2026	Apr 6, 2026	$0.24
Mar 2, 2026	Mar 4, 2026	$0.23
Feb 2, 2026	Feb 4, 2026	$0.23
Dec 18, 2025	Dec 22, 2025	$0.24
Dec 1, 2025	Dec 3, 2025	$0.24

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